Mortgage Lenders News

Mortgage App Fraud On the Rise

 · Equifax Canada: Mortgage Fraud on the Rise. According to data from Equifax’s enterprise fraud management solution, ‘Falsified Account Statements’ and ‘Falsified Documents’ were the most prominent application tags, as reported by investigators. The other was ‘Conflicting Information’. Of those applications flagged,

As of the end of the second quarter of 2015, CoreLogic reports an 8.9% year-over-year decrease in fraud risk, as measured by the Mortgage Application Fraud Risk Index. For the twelve months ending the.

mortgage lending markets and an increase in innovative loan products that have. An understanding of red flags and their use in the application review process.

 · Nearly two-thirds of all pending FBI mortgage fraud investigations during 2008 involved dollar losses totaling more than $1 million. Mortgage Fraud on the Rise – July 8, 2009 – Zacks.com

Nationwide, mortgage application fraud also is on the rise, with nearly three-fourths of all loan activity marred by some type of misrepresentation, according to a recent analysis by LexisNexis Risk.

The Loan Application Defect Index for purchase transactions continued its upward trend, increasing 5.6 percent in January compared with the.

While property prices in China continue to rise, mortgage fraud remains. to qualify for a mortgage, a fraudulent loan application is a tempting if.

Mortgage fraud risk on the rise. Equity skimming.In this scam, an investor uses a straw buyer with false income documents, and false credit reports to obtain a mortgage loan in the straw buyer’s name. After closing on the property, the straw buyer signs the property over to the investor in a quit claim deed.

Before you sign a mortgage application or any other loan documents, carefully review them to make sure they are complete and accurate. If you become aware of mortgage fraud, report it. Hello. I’m a.

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Fraud in connection with home mortgages is on the rise. fraud risk in the home mortgage field is up by 16.9 percent in the most recent 12-month period tracked by data analytics firm corelogic. And.

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 · Mortgage Fraud on the Rise.. The adjusted FraudBlogger Index-a measurement of mortgage fraud activity maintained by MortgageDaily.com-increased more than 18 percent. 7 Apps to Save Money.

Freddie Mac, the second-largest mortgage investor, says it has not seen a recent spike in occupancy fraud, “but it’s always been a. non-government marketplace. With the rapid rise of rental.

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